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US SJRes15
US SJRes15A joint resolution disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
summary
Introduced
02/05/2025
02/05/2025
In Committee
02/05/2025
02/05/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A joint resolution disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
AI Summary
This joint resolution disapproves a final rule issued by the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury that combats financial crimes, specifically targeting new anti-money laundering regulations for residential real estate transfers published in the Federal Register on August 29, 2024. The resolution, if passed, would nullify the rule, preventing it from being implemented or enforced. By using congressional review authority, the resolution effectively stops the FinCEN rule from taking effect, which would have established new reporting or compliance requirements for real estate transactions aimed at preventing money laundering. The resolution represents a legislative check on regulatory agencies, allowing Congress to overturn specific rules it believes are inappropriate or overreaching.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/05/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-joint-resolution/15/all-info |
| BillText | https://www.congress.gov/119/bills/sjres15/BILLS-119sjres15is.pdf |
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